Allspring Global Investments Holdings LLC Has $307,000 Stake in Hanmi Financial Co. (NASDAQ:HAFC)

Allspring Global Investments Holdings LLC increased its position in Hanmi Financial Co. (NASDAQ:HAFC) by 193.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,829 shares of the bank’s stock after purchasing an additional 10,427 shares during the period. Allspring Global Investments Holdings LLC owned about 0.05% of Hanmi Financial worth $307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HAFC. Assenagon Asset Management S.A. boosted its stake in Hanmi Financial by 107.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 291,658 shares of the bank’s stock worth $4,734,000 after purchasing an additional 150,861 shares during the period. AQR Capital Management LLC boosted its stake in shares of Hanmi Financial by 59.9% during the 3rd quarter. AQR Capital Management LLC now owns 388,875 shares of the bank’s stock valued at $6,311,000 after buying an additional 145,703 shares during the period. American Century Companies Inc. boosted its stake in shares of Hanmi Financial by 10.8% during the 3rd quarter. American Century Companies Inc. now owns 358,918 shares of the bank’s stock valued at $5,825,000 after buying an additional 35,104 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Hanmi Financial by 148.3% during the 3rd quarter. GSA Capital Partners LLP now owns 53,050 shares of the bank’s stock valued at $861,000 after buying an additional 31,682 shares during the period. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of Hanmi Financial during the 3rd quarter valued at $308,000. Institutional investors and hedge funds own 88.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HAFC shares. Wedbush reissued a “neutral” rating and set a $17.00 target price on shares of Hanmi Financial in a research note on Wednesday. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $18.00 target price (down previously from $18.50) on shares of Hanmi Financial in a research note on Wednesday.

Hanmi Financial Stock Up 1.2 %

Hanmi Financial stock opened at $15.82 on Friday. The company has a market capitalization of $479.03 million, a P/E ratio of 6.59 and a beta of 0.95. The firm’s fifty day simple moving average is $15.24 and its 200-day simple moving average is $16.43. The company has a current ratio of 0.98, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. Hanmi Financial Co. has a 1-year low of $13.35 and a 1-year high of $20.31.

Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $59.82 million for the quarter, compared to the consensus estimate of $63.43 million. Hanmi Financial had a net margin of 17.63% and a return on equity of 10.70%. Sell-side analysts forecast that Hanmi Financial Co. will post 2.1 earnings per share for the current fiscal year.

Hanmi Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 6th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.32%. Hanmi Financial’s dividend payout ratio is currently 41.67%.

Hanmi Financial Profile

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.